SHL Telemedicine reports fourth quarter and fiscal year 2012 financial results

  • COPD program with AOK Bayern on track – already hundreds of patients in service 
  • Revenues for the year amounted to USD 26.9 million (USD 42.4 million in 2011) 
  • Excluding one-time allowance for doubtful accounts, net loss for the year amounted to USD 4.7 million (net profit of USD 4.0 million in 2011). Including one-time charge, net loss amounted to USD 7.3 million 
  • Launched its telemedicine services in India early 2013 – signs first contract with private hospital in Kolkata. Expects to sign a series of additional long term agreements 
  • Return to revenue growth with significantly improved financial performance expected in 2013 

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